He tells you his frame guy can turn a studio into a two bedroom.

Tax Information Gross: 186100 Exempt: 93050 Net: 93050 Taxes: 2812.92 Dwelling Information Style: Raised Ranch Story Height: 1 Attic: None Basement: Full Year Built: 1999 Ground Flr Area: 1008 Tot Living Area: 2078 Living Units: 1 Rooms: 7 Bedrooms: 3 Full Baths: 1 Half Baths: 0 Valuation Land: 33,500 Building: 152,600 Total: 186,100 Net Assessment: 186,100 Property Picture [ No Picture Available ] Sales History Book/Page Date Price Type Validity 1999/12/15 113,000 Land + Bldg 0 4066/266 1999/04/26 23,000 Land Only G Out Building Information Type Qty Year Size1 Size2 Grade Cond Shed-Frame 1 1970 4 6 C A

Right now I have a developer that will pay you 15-30K for each property that you purchase depending on the number of bedrooms that you purchase.

Is there any way to convert the living space to have an additional bedroom that would through you into another comparable bracket?

There selling a 16 unit apartment complex with 2 bedroom rancher next door.

Let's try to break this down and see how this works:Property #1 (estimated figures for property I've seen available for sale)3 bedroom, 2 bath 2,000 sq ft home in TexasValue $120,000Rent - $1,0005% Vacancy - $50Property tax (1.5% of annual value) - $150Maintenance/upkeep - $230 (10 cents sq ft + appliance replacement) budget)Insurance - $90 (quote from Allstate)Property management (10%) - $100[b]Total monthly operating costs - $710Net operating monthly income - $290 (71% of gross rents going to operating expense)[/b]Property #2 (actual figures on the average property in Hawaii)3 bedroom, 2 bath, 1,400 sq ft home in Honolulu, HIValue $600,000Rent - $2,5005% Vacancy - $125Property tax (.35% of annual value) - $175Maintenance/upkeep - $245 (15 cents sq ft + appliance replacement) budget)Insurance - $130 (quote from Allstate)Property management (8%) - $200[b]Total monthly operating costs - $875Net operating monthly income - $1,625 (35% of gross rents going to operating expense)[/b]Using the 50% rule, you've over-budgeted on property #2, but you're WAY short on property #1.

$750's are renting; 4 bedrooms are renting for $1650 but 3/2's 2/1's, 4/2's not much.

well with an annual household income of about 90k. buying a home in the bay area just doesnt seem realistic to me.the home i live in now is a 3 bed room 2 bath 35 year old home on a 5500sq ft lot that would go for around 650k. i figure that is about a 4600$ morgage. even with 10% down!

I just bought two 3-bedroom houses yesterday for $25,000 each (no significant repairs needed).

She agreed to sell me both of these 3 bedroom houses for a TOTAL of $50,000 (market value about $100K).Within the hour, I met her at the properties and signed the contracts.The key to getting these deals was that people know that I am a serious buyer.